Little Rock USDA Loan Rates, Closing Costs & Stats

LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Little Rock's 54 lenders originated 390 USDA loans during 2022. The total origination value was $69,460,000, with an average USDA loan value of $178,103.

    Little Rock USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Little Rock averaged -0.36% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Little Rock's average USDA mortgage closing costs are $4,311.

    The average rate for the prior week (2023-11-17) was 7.03% and one month ago for the week of 2023-10-20, the average rate was 6.95%.

    The average rate one year ago was 5.99%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.07%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Little Rock USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Little Rock level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FirstTrust Home Loans, Inc. 97 5.03% $6,191
    Eagle Bank and Trust Company 31 4.91% $5,606
    FLAT BRANCH MORTGAGE, INC. 26 4.93% $5,670
    MORTGAGE FINANCIAL SERVICES, LLC 22 4.74% $6,533
    Bank of England 19 4.50% $5,149
    CORNERSTONE HOME LENDING, INC. 14 5.83% $6,508
    Centennial Bank 13 4.13% $4,320
    UNITED WHOLESALE MORTGAGE, LLC 11 5.20% $5,275
    Gateway First Bank 10 4.85% $3,504
    First Security Bank 10 4.29% $4,264
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 10 4.32% $4,683
    Simmons Bank 9 4.69% $4,897
    Arvest Bank 8 4.17% $4,452
    PILGRIM MORTGAGE LLC 8 5.00% $7,177
    SENTE MORTGAGE, INC. 7 5.11% $5,795
    EVERETT FINANCIAL, INC. 6 4.85% $3,019
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 5.00% $5,231
    Citizens Bank 6 5.13% $6,190
    CALIBER HOME LOANS, INC. 6 4.64% $6,010
    First Community Bank 4 4.16% $5,890
    Regions Bank 4 4.44% $4,504
    Chambers Bank 4 4.44% $4,587
    MID AMERICA MORTGAGE, INC. 3 5.13% $4,534
    GUARANTEED RATE, INC. 3 4.92% $6,094
    COMMUNITY MORTGAGE CORPORATION 3 6.29% $5,330
    DAS Acquisition Company, LLC 3 6.21% $8,931
    ACADEMY MORTGAGE CORPORATION 3 5.00% $6,324
    PENNYMAC LOAN SERVICES, LLC 3 3.02% $5,963
    U.S. Bank 2 3.94% $4,111
    FIRST COMMUNITY MORTGAGE, INC. 2 3.25% $4,020
    First Financial Bank 2 5.13% $6,040
    GMFS LLC 2 4.69% $6,658
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.44% $7,509
    LOANDEPOT.COM, LLC 2 3.94% $4,865
    PLANET HOME LENDING, LLC 2 3.13% $4,147
    The Home Loan Expert LLC 2 3.00% $4,880
    United Fidelity Funding Corp. 2 5.50% $5,404
    Flagstar Bank, FSB 1 5.50% $7,083
    MORTGAGE INVESTORS GROUP, INC. 1 5.63% $4,685
    Mortgage Research Center, LLC 1 5.38% $3,536
    First Horizon Bank 1 3.38% $5,067
    First Guaranty Mortgage Corporation 1 3.13% $4,190
    Plains Commerce Bank 1 6.75% $5,289
    ARKANSAS Federal Credit Union 1 5.25% $5,398
    Farmers Bank & Trust Company 1 3.50% $3,836
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.75% $6,460
    CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $6,110
    Servion, Inc. 1 6.75% $4,539
    Carrington Mortgage Services, LLC 1 2.63% $3,666
    GERSHMAN INVESTMENT CORP. 1 5.63% $4,627
    TELCOE FEDERAL CREDIT UNION 1 5.50% $5,171
    LAKEVIEW LOAN SERVICING, LLC 1 3.75% $2,492
    BROKER SOLUTIONS, INC. 1 7.25% $6,006
    Flanagan State Bank 1 5.00% $8,114

    The top Little Rock USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with 97 USDA loans originated. Their average total fees are $6,191, which is $585 higher than the next largest lender, Eagle Bank and Trust Company.

    The lowest fee Little Rock USDA lenders (with over 10 loans originated) are Gateway First Bank ($3,504), First Security Bank ($4,264), Centennial Bank ($4,320), BANK OF LITTLE ROCK MORTGAGE CORPORATION ($4,683) and Bank of England ($5,149).

    The lowest rate Little Rock USDA lenders (with over 10 loans originated) are Centennial Bank (4.13%), First Security Bank (4.29%), BANK OF LITTLE ROCK MORTGAGE CORPORATION (4.32%), Bank of England (4.50%) and MORTGAGE FINANCIAL SERVICES, LLC (4.74%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $175,450 (9.7%) $244,247 (12.8%) 0.65 3,009
    2018-02-01 $179,900 (11.5%) $245,854 (12.3%) 0.65 2,998
    2018-03-01 $181,500 (7.6%) $244,862 (9.0%) 0.64 3,033
    2018-04-01 $186,000 (10.1%) $250,370 (10.6%) 0.63 3,073
    2018-05-01 $189,500 (11.5%) $257,179 (11.5%) 0.63 3,232
    2018-06-01 $189,900 (10.1%) $258,409 (9.7%) 0.63 3,321
    2018-07-01 $189,700 (8.5%) $254,994 (7.7%) 0.63 3,425
    2018-08-01 $189,900 (9.0%) $251,907 (6.9%) 0.64 3,472
    2018-09-01 $189,000 (8.1%) $252,200 (7.1%) 0.64 3,532
    2018-10-01 $189,900 (9.2%) $251,833 (7.3%) 0.64 3,652
    2018-11-01 $189,000 (8.3%) $250,605 (6.2%) 0.64 3,485
    2018-12-01 $187,000 (6.9%) $249,459 (3.9%) 0.65 3,371
    2019-01-01 $184,975 (5.4%) $247,499 (1.3%) 0.64 3,232
    2019-02-01 $186,950 (3.9%) $250,674 (2.0%) 0.63 3,153
    2019-03-01 $193,671 (6.7%) $257,965 (5.4%) 0.63 3,109
    2019-04-01 $199,900 (7.5%) $266,192 (6.3%) 0.63 3,078
    2019-05-01 $199,950 (5.5%) $271,717 (5.7%) 0.62 3,070
    2019-06-01 $204,250 (7.6%) $274,724 (6.3%) 0.64 3,065
    2019-07-01 $202,500 (6.8%) $275,209 (7.9%) 0.63 3,010
    2019-08-01 $205,000 (8.0%) $277,124 (10.0%) 0.65 2,969
    2019-09-01 $205,000 (8.5%) $276,617 (9.7%) 0.66 2,908
    2019-10-01 $206,525 (8.8%) $276,447 (9.8%) 0.67 2,858
    2019-11-01 $204,900 (8.4%) $273,848 (9.3%) 0.67 2,780
    2019-12-01 $202,650 (8.4%) $276,351 (10.8%) 0.68 2,606
    2020-01-01 $199,963 (8.1%) $276,394 (11.7%) 0.67 2,412
    2020-02-01 $210,000 (12.3%) $280,921 (12.1%) 0.69 2,320
    2020-03-01 $219,450 (13.3%) $284,838 (10.4%) 0.69 2,313
    2020-04-01 $219,250 (9.7%) $283,395 (6.5%) 0.69 2,282
    2020-05-01 $230,100 (15.1%) $294,752 (8.5%) 0.70 2,023
    2020-06-01 $239,450 (17.2%) $304,392 (10.8%) 0.71 1,860
    2020-07-01 $243,656 (20.3%) $311,343 (13.1%) 0.71 1,760
    2020-08-01 $245,000 (19.5%) $319,359 (15.2%) 0.70 1,617
    2020-09-01 $241,200 (17.7%) $320,661 (15.9%) 0.69 1,483
    2020-10-01 $244,950 (18.6%) $329,289 (19.1%) 0.70 1,425
    2020-11-01 $241,700 (18.0%) $329,576 (20.4%) 0.71 1,337
    2020-12-01 $239,450 (18.2%) $331,040 (19.8%) 0.71 1,209
    2021-01-01 $230,000 (15.0%) $331,887 (20.1%) 0.69 993
    2021-02-01 $244,950 (16.6%) $335,296 (19.4%) 0.71 848
    2021-03-01 $250,000 (13.9%) $341,334 (19.8%) 0.71 793
    2021-04-01 $248,950 (13.6%) $342,671 (20.9%) 0.67 763
    2021-05-01 $239,000 (3.9%) $335,123 (13.7%) 0.64 745
    2021-06-01 $235,000 (-1.9%) $330,739 (8.7%) 0.62 820
    2021-07-01 $245,000 (0.6%) $332,666 (6.9%) 0.65 990
    2021-08-01 $249,450 (1.8%) $333,052 (4.3%) 0.67 1,082
    2021-09-01 $249,450 (3.4%) $331,112 (3.3%) 0.67 1,089
    2021-10-01 $249,000 (1.7%) $328,339 (-0.3%) 0.66 1,002
    2021-11-01 $233,450 (-3.4%) $315,195 (-4.4%) 0.62 974
    2021-12-01 $236,950 (-1.0%) $319,465 (-3.5%) 0.64 870
    2022-01-01 $238,900 (3.9%) $318,318 (-4.1%) 0.65 774
    2022-02-01 $242,425 (-1.0%) $334,904 (-0.1%) 0.63 669
    2022-03-01 $251,950 (0.8%) $364,470 (6.8%) 0.63 693
    2022-04-01 $285,000 (14.5%) $371,692 (8.5%) 0.68 714
    2022-05-01 $289,900 (21.3%) $370,590 (10.6%) 0.66 834
    2022-06-01 $289,598 (23.2%) $368,833 (11.5%) 0.65 941
    2022-07-01 $280,000 (14.3%) $358,112 (7.7%) 0.63 1,155
    2022-08-01 $279,000 (11.9%) $349,778 (5.0%) 0.65 1,264
    2022-09-01 $284,900 (14.2%) $349,042 (5.4%) 0.67 1,252
    2022-10-01 $296,000 (18.9%) $355,234 (8.2%) 0.70 1,309
    2022-11-01 $289,950 (24.2%) $343,486 (9.0%) 0.70 1,454
    2022-12-01 $299,900 (26.6%) $347,605 (8.8%) 0.74 1,345
    2023-01-01 $300,000 (25.6%) $348,061 (9.3%) 0.74 1,231
    2023-02-01 $304,440 (25.6%) $350,781 (4.7%) 0.74 1,133
    2023-03-01 $303,475 (20.5%) $351,884 (-3.5%) 0.72 1,124
    2023-04-01 $315,000 (10.5%) $358,491 (-3.6%) 0.73 1,121
    2023-05-01 $312,950 (8.0%) $366,107 (-1.2%) 0.71 1,174
    2023-06-01 $321,450 (11.0%) $376,845 (2.2%) 0.72 1,239
    2023-07-01 $325,000 (16.1%) $386,508 (7.9%) 0.74 1,288
    2023-08-01 $320,450 (14.9%) $381,768 (9.2%) 0.74 1,320
    2023-09-01 $319,900 (12.3%) $367,463 (5.3%) 0.74 1,490
    2023-10-01 $295,000 (-0.3%) $352,688 (-0.7%) 0.69 1,682
    Little Rock's median listing price for 2023-10-01 was $295,000, a difference of $-1,000 (-0.3%) versus the prior year and $-24,900 versus the prior month.

    Little Rock's median listing price comes in at 69% of the national average.

    Little Rock's average listing price for 2023-10-01 was $352,688, a difference of $-2,546 (-0.7%) versus the prior year and $-14,775 versus the prior month.

    For the 2023-10-01 period, Little Rock had 1,682 MLS listings, a difference of 192 listings (13%) versus the prior month and 373 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 77 days 1,909 sqft
    2018-02-01 66 days 1,910 sqft
    2018-03-01 55 days 1,928 sqft
    2018-04-01 55 days 1,940 sqft
    2018-05-01 52 days 1,951 sqft
    2018-06-01 53 days 1,962 sqft
    2018-07-01 55 days 1,957 sqft
    2018-08-01 57 days 1,955 sqft
    2018-09-01 60 days 1,937 sqft
    2018-10-01 64 days 1,938 sqft
    2018-11-01 66 days 1,920 sqft
    2018-12-01 73 days 1,900 sqft
    2019-01-01 73 days 1,891 sqft
    2019-02-01 64 days 1,895 sqft
    2019-03-01 55 days 1,938 sqft
    2019-04-01 55 days 1,993 sqft
    2019-05-01 54 days 2,004 sqft
    2019-06-01 59 days 2,016 sqft
    2019-07-01 59 days 2,028 sqft
    2019-08-01 60 days 2,036 sqft
    2019-09-01 62 days 2,030 sqft
    2019-10-01 63 days 2,028 sqft
    2019-11-01 65 days 2,025 sqft
    2019-12-01 71 days 2,023 sqft
    2020-01-01 68 days 2,000 sqft
    2020-02-01 55 days 2,049 sqft
    2020-03-01 52 days 2,088 sqft
    2020-04-01 57 days 2,072 sqft
    2020-05-01 62 days 2,145 sqft
    2020-06-01 52 days 2,148 sqft
    2020-07-01 47 days 2,145 sqft
    2020-08-01 44 days 2,150 sqft
    2020-09-01 44 days 2,142 sqft
    2020-10-01 44 days 2,129 sqft
    2020-11-01 46 days 2,123 sqft
    2020-12-01 52 days 2,081 sqft
    2021-01-01 56 days 2,048 sqft
    2021-02-01 45 days 2,063 sqft
    2021-03-01 40 days 2,040 sqft
    2021-04-01 31 days 1,979 sqft
    2021-05-01 25 days 1,936 sqft
    2021-06-01 24 days 1,901 sqft
    2021-07-01 24 days 1,979 sqft
    2021-08-01 32 days 1,977 sqft
    2021-09-01 38 days 1,984 sqft
    2021-10-01 40 days 1,950 sqft
    2021-11-01 37 days 1,911 sqft
    2021-12-01 45 days 1,941 sqft
    2022-01-01 47 days 1,970 sqft
    2022-02-01 36 days 1,929 sqft
    2022-03-01 30 days 1,926 sqft
    2022-04-01 25 days 2,032 sqft
    2022-05-01 26 days 2,040 sqft
    2022-06-01 29 days 2,066 sqft
    2022-07-01 29 days 1,996 sqft
    2022-08-01 34 days 2,020 sqft
    2022-09-01 39 days 2,051 sqft
    2022-10-01 38 days 2,085 sqft
    2022-11-01 40 days 2,041 sqft
    2022-12-01 51 days 2,058 sqft
    2023-01-01 52 days 2,023 sqft
    2023-02-01 48 days 2,009 sqft
    2023-03-01 46 days 1,995 sqft
    2023-04-01 40 days 2,023 sqft
    2023-05-01 38 days 2,088 sqft
    2023-06-01 39 days 2,114 sqft
    2023-07-01 39 days 2,144 sqft
    2023-08-01 40 days 2,123 sqft
    2023-09-01 38 days 2,104 sqft
    2023-10-01 43 days 1,977 sqft
    Little Rock's median listing age (time on market) for 2023-10-01 was 43 days. This is 12% longer than the same period one year ago.

    Little Rock's median square footage for active listings during the 2023-10-01 period was 1,977 sqft. One year prior, the average listing was 2,085 sqft.